Updated Oct 28, 2024
JGP Realty Sells Retail Property In Linden, NJ For $3.1M
107 West Edgar Road, Linden, NJ 07036, USA
$3,125,000
$916/SF
Building Size
3,410 SF
Asset Type
Retail
Closing
Jun 15, 2020
About this deal
AI
A retail property located at 107 W Edgar Rd in Linden, NJ was recently sold in a transaction handled by the real estate brokers Rob DiFranco and Mike Lombardi of Horvath & Tremblay. The sale took place on June 15, 2021. The property was sold by JGP Realty for a price of $3,125,000, reflecting a 3.83% capitalization rate.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $3,125,000
- Date: 06/15/2021
- Address: 107 W Edgar Rd
- Market: Linden, NJ
- Seller: JGP Realty
- Brokers: Rob DiFranco & Mike Lombardi - Horvath & Tremblay
- Capitalization Rate: 3.83%
Rob DiFranco and Mike Lombardi, from Horvath & Tremblay, were the real estate brokers representing the parties involved in the transaction. Their expertise helped facilitate the sale of the retail property, showcasing their understanding of the market and their ability to negotiate a favorable deal. This successful transaction demonstrates the value that skilled brokers bring to the table.
On the Map
$3,125,000
$916/SF
Retail
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Players
Linden Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.08%
Cash-on-Cash
-1.45%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93